A step forward in the implementation of the minimum Corporate Income Tax for multinationals
The Spanish Government has launched a public consultation, prior to elaborating the draft bill, the rule that has to transpose to Spanish regulations the EU Directive to ensure a minimum global Corporate Income Tax for multinationals and enterprises within the...
Spanish tax authorities focus on tax residency controls
Like every year, the Spanish tax authorities Directorate has approved the general guidelines of the Annual Plan for Tax Control. These make references to the lines of action to prevent and control fraud that are considered more relevant. Thus, they reinforce actions...
Good news for the Spanish encashment of tax credits
Spanish Corporate Income Tax requires large enterprises and tax consolidation groups to pay a minimum taxation of 15%, which limits the application of tax credits to foment certain economic activities (such as R&D and Technological Innovation, film productions,...
The Spanish Supreme Court clarifies when financial expenses are not gifts or donations
The Spanish Supreme Court (SC) has determined, in recent Court resolutions of July this year, the tax deductibility of financial expenses derived from loans to distribute dividends or purchase own shares. In such resolutions, the controversial issue is to determine...